BankVIC 12 Months Regular Income review

- Interest rate 12 months interest rate
- Up to 4.95% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
Summary
You could earn an extra income from your own savings with BankVic’s unique term deposit plan.
The higher rates found with a term deposit still apply with the 12 Months Regular Income account, except you can choose to collect payment from them on a regular basis. This is a specialised savings account with the benefit of a fixed interest rate for one year, and the opportunity to add to your account throughout the term.
Pros
-
Specialised savings account with the benefit of a fixed interest rate
-
No management or account keeping fees
-
Competitive interest rates
Cons
-
Minimum initial deposit of $5,000
Details
Key details
Product Name | BankVIC 12 Months Regular Income |
12 month interest rate | 4.95% |
Minimum Opening Deposit | $5,000 |
Minimum age requirement | 18 |
Government guarantee | Yes |
Eligibility
Minimum Age Requirement | 18 |
Joint account availability | No |
Min Deposit | $5,000 |
Available to children | Not available for children |
Your reviews

Alison Finder
Editor
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